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Mr. Odbayar, 26, is a taxi driver and runs his taxi business around the districts of Ulaanbaatar, the capital city of Mongolia. He has been doing the taxi service for 6 years and it is his main income source. Lately, his car has started to have some breaks and is becoming dangerous to serve the customers. Therefore he needs to change some parts and some sections. It will be good for his business earnings if he could make repairs before this winter.

The loan Odbayar is requesting will be used to purchase some new spare-parts for his taxi car and make a repairs to it.

Additional Information

About Credit Mongol

Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,293.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Odbayar to purchase spare-parts for his taxi car.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 21, 2011
Oct 29, 2011
Currency Exchange Loss:
Jan 15, 2012